Sharp (OTCMKTS:SHCAY) Shares Break Above 200-Day Moving Average – Here’s What Happened

Shares of Sharp Corp. (OTCMKTS:SHCAY) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.92 and traded as high as $0.96. Sharp shares last traded at $0.96, with a volume of 2,132 shares traded.

Sharp Trading Up 0.4%

The company has a debt-to-equity ratio of 1.26, a current ratio of 1.44 and a quick ratio of 1.01. The stock has a market capitalization of $2.51 billion, a P/E ratio of 13.76 and a beta of 0.65. The stock’s fifty day moving average price is $0.96 and its 200 day moving average price is $0.92.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. Sharp had a return on equity of 11.29% and a net margin of 1.32%. Research analysts forecast that Sharp Corp. will post 0.07 earnings per share for the current year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and markets consumer electronics, business equipment and electronic components. Its product portfolio has included televisions and displays, audio and video equipment, refrigerators, microwave ovens, air conditioners, air purifiers, and other home appliances. The company also provides office solutions, including multifunction printers and related business systems.

Sharp is also active in display technologies, semiconductor-related products and electronic components, as well as solar and other energy-related solutions.